Kentucky is the 25th Best State for Business 2012

No. 25 Kentucky Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 25: Kentucky

No. 25

Kentucky

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 1.66
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 1.99

Unemployment

  • Unemployment Rate Dec. 2011 %: 9.10
  • Comparison with Nat’l Rate (8.50%): 0.60

Domestic Migration

  • Domestic Net Migration ’00-’09: 81,711
  • Rank: 15

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,323
  • State & Local Gov’t Employees per 10k Residents: 582.67

State-Local Tax Burden

  • Rate (%): 9.28
  • Compared to Nat’l Avg. (9.8%): -0.52
Key Companies
  • Humana
  • YUM! Brands
  • Ashland
  • Brown-Forman
Development Trend Indicator: Positive
State focus on gambling issue robs attention from needed business reforms.

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation